Indian Currency Hits A Lifetime Low | Breaking News
June 13, 2022
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1:54Now PlayingIndian Currency Hits A Lifetime Low | Breaking News
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as posted by the channelAfter being sunk at 78 against a dollar, The Indian Currency has reached a record low of 78.28 against the US Dollar.
This fall comes during the massive increase in the rate by the Fed in the United States. The Indian Stock Market followed spooked by the fall in the US market on Friday. After the Inflation data of the U.S was reported the highest in four decades. Sensex has jumped to 1700 points while Nifty has slipped to 500 points.
The expectations from this Week's Federal Reserve are for 75 points hike. The future outlook provided by the Federal Reserve will be more important. The dollar index has also moved ahead of the 103 mark.
Coming to the drawback of the Indian Currency, Today, the rupee has touched the lifetime low of 78 against the US Dollar.
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